403(b) Plan Vendor Transparency

Since 1946, Texas Association of School Business Officials (TASBO) has set the standard for professional conduct and expertise in school business. We maintain a high standard for ethical conduct while continuing to evaluate the direction of the organization and the profession. Using our core values and purpose as a guide, we seek a bright future for schools and our members.

House Bill 2820, passed by the 86th Session of the Texas legislature, removed the Teacher Retirement System (TRS) oversight of eligible qualified 403(b) investment products.

Under Texas law and the provisions of the Vernon Statute, public schools are required to allow employees to :

  • Invest with companies licensed by the Texas Department of Insurance;
  • Meet minimum capital and surplus requirements; and,
  • Have experience providing qualified investment products.

With the elimination of the TRS oversight, districts no longer have a place to direct employees for information regarding a 403(b) retirement savings account.

TASBO, with more than 7,300 members and 1,100 member districts, is THE trusted resource for school finance and operations. As such, we have embarked upon a transparency project for 403(b) vendors to voluntarily participate in a program that will provide basic information about 403(b) retirement savings providers and investment products that are available to employees of Texas public schools.

403(b) Results

 

ProviderWebsitePhone NumberFile Downloads
AIG Retirement Serviceswww.AIG.com(800) 428-2542Fact Sheet
Questionnaire
American Century Services, LLC www.americancentury.com(800) 345-3533Fact Sheet
Questionnaire
Ameriprise Financialwww.ameriprise.com(800) 862-7919Fact Sheet
Questionnaire
Aspirewww.aspire.com(866) 634-5873Fact Sheet
Questionnaire
Equitable Financial Life Insurance Company

www.equitable.com(216) 978-4489Fact Sheet
Questionnaire
FPS Group LLCwww.FPS.com(888) 505-3759 Fact Sheet
Questionnaire
Franklin Templetonwww.franklintempleton.com(800) 527-2020 Fact Sheet
Questionnaire
GWN Securities, Inc.www.GWN.com(561) 472-2700 Fact Sheet
Questionnaire
Horace Mannwww.horacemann.com(800) 999-1030 Fact Sheet
Questionnaire
Life Insurance Company of the Southwest dba National Life Groupwww.nationallife.com(214) 722-9028 Fact Sheet
Questionnaire
Lincoln Investmentwww.lincoln.com(800) 242-1421 Fact Sheet
Questionnaire
Metropolitan Life Insurance Companywww.metlife.com(908) 253-1504 Fact Sheet
Questionnaire
Modern Woodmen of Americawww.modernwoodmen.com(800) 447-9811 Fact Sheet
Questionnaire
New York Life Insurance and Annuity Corporationwww.newyorklife.com(800) 225-5695Fact Sheet
Questionnaire
PenServ Plan Services, Inc.www.penserv.com(803) 354-5084 Fact Sheet
Questionnaire
Pentegra Trust Companywww.pentegra.com(914) 821-9580 Fact Sheet
Questionnaire
PFS Investments, Inc.www.primerica.com(800) 544-5445 Fact Sheet
Questionnaire
PlanMember Securities Corporationwww.planmember.com(800) 874-6910
Fact Sheet
Questionnaire
TCG Administratorswww.financialpathway.com(800) 943-9179 Fact Sheet
Questionnaire
The Vanguard Groupwww.vanguard.com(800) 569-4903 Fact Sheet
Questionnaire
Thrivent Financialwww.thrivent.com(800) 847-4836 Fact Sheet
Questionnaire

Tools and Resources

For Vendors

Want to be added to this list? Use the link below to complete your questionnaire.
 

Our Partners

For more information, please contact:

tginsburg@tasbo.org

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